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Which of the following radiations has the greatest frequency?
Financial Statements
Records outlining a corporation's financial health, incorporating details from the balance sheet, income statement, and cash flow statement.
Assets
Resources owned or controlled by a business that are expected to produce economic benefits.
Liabilities
Financial obligations or debts owed by a company to external parties or individuals, expected to be settled through the outflow of resources.
Materiality
An accounting principle that means the significance of financial information to decision makers, considering its size or its nature.
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